Based on its mature digital lending technologies for small and micro-sized enterprises and deep understanding of micro-lending business, PINTEC will cooperate with the China UMS' inclusive finance service platform "UMS Richer" to provide merchants on the platform with convenient and efficient financing services. PINTEC will apply its big data and artificial intelligence technologies to realize real-time credit decisioning and bring the entire lending process online, including application, assessment, approval and signing contracts.

The partnership is based on PINTEC's "SaaS+" ("SaaS Plus") service platform. With this platform, PINTEC can not only help its licensed financial organizations develop digital retail banking systems, but also provide value-added services including customer acquisition, data analysis, credit assessment, modeling tools and joint operation.

Based on advanced AI and big data technologies, PINTEC has developed digital lending solutions for small and micro-sized enterprises in various ecosystems, such as payment ecosystem, e-commerce platform, and taxation ecosystem, accumulating rich experience in evaluating these enterprises and business owners.

About China UMS

Established in December 2002, China UMS is held by China UnionPay and specialized in the construction of bankcard acceptance market and provision of integrated payment services. By the end of January 2019, China UMS had set up branch offices in all of China's provincial-leel administrative regions (except Taiwan), and operated a market network which covers 337 cities at the prefecture-level and above with a 100% market coverage. With 8.28 million contracted merchants, 9.24 million POS terminals, 32,000 ATMs and 714,000 self-service terminals covering groceries and supermarkets, catering, air travel, tax finance, e-commerce and logistics and medical services, China UMS has become the largest bankcard acquiring and professional service supplier in China.

"UMS Richer" inclusive finance service platform is a one-stop open finance service platform by China UMS connecting financial service providers and users. Products include wealth management products such as current wealth management, regular wealth management, Internet gold, and securities account opening, financing products such as POS loan, joint credit card, consumer loan, financial leasing and auto finance, and life service products such as credit card application and payment, invoice by code scanning, car insurance and digital wallet.

Web-scale Networking

The idea of Web-scale IT is more than just another 'hot' buzzword or problematic disruption. What started with data center operators has become mainstream thinking in large enterprises, and it's now driving changes in service provider operations, as well. Web-scale tools that allow application development to move quickly have also created some challenges for service provider networks.